The University of Tennessee athletics department issued a news release Tuesday saying it generates $463.9 million annually in overall economic impact for the state of Tennessee and $618.3 million annually in overall economic impact for Knox County.

The numbers were determined in a recent report issued by Tripp Umbach, a Pittsburgh-based market research and economic analysis firm.

The report also said Tennessee athletics generates $27.6 million in state and local government tax revenues.

Read more from our news partners at the Knoxville News Sentinel.